Lundin Mining Q3 EPS Estimate Cut by National Bank Financial

Lundin Mining Co. (TSE:LUN) – National Bank Financial reduced their Q3 2024 EPS estimates for Lundin Mining in a research note issued on Monday, October 14th. National Bank Financial analyst S. Nagle now forecasts that the mining company will post earnings per share of $0.11 for the quarter, down from their prior estimate of $0.22. National Bank Financial also issued estimates for Lundin Mining’s FY2025 earnings at $0.69 EPS.

Lundin Mining (TSE:LUN) last released its quarterly earnings data on Tuesday, July 30th. The mining company reported C$0.22 earnings per share for the quarter, missing the consensus estimate of C$0.25 by C($0.03). The firm had revenue of C$1.48 billion during the quarter, compared to the consensus estimate of C$1.51 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%.

Several other research firms have also issued reports on LUN. National Bankshares cut their target price on Lundin Mining from C$19.50 to C$18.50 and set an “outperform” rating on the stock in a research note on Monday, July 15th. Haywood Securities upgraded Lundin Mining from a “hold” rating to a “buy” rating and set a C$17.00 target price on the stock in a research note on Tuesday, August 6th. Ventum Financial cut their target price on Lundin Mining from C$20.00 to C$18.50 in a research note on Thursday, August 22nd. Royal Bank of Canada cut their target price on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. Finally, Scotiabank upgraded Lundin Mining from a “sector perform” rating to an “outperform” rating and dropped their price target for the stock from C$18.00 to C$16.00 in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$17.51.

Lundin Mining Price Performance

The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. The company has a fifty day moving average price of C$13.35 and a 200-day moving average price of C$14.64. The company has a market capitalization of C$10.99 billion, a P/E ratio of 51.57, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining has a fifty-two week low of C$8.18 and a fifty-two week high of C$17.97.

Insider Buying and Selling

In other Lundin Mining news, Director Jack Oliver Lundin bought 65,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of C$12.55 per share, for a total transaction of C$815,854.00. 15.70% of the stock is owned by company insiders.

Lundin Mining Company Profile

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, the United States, Portugal, Sweden, and Argentina. It primarily produces copper, zinc, gold, nickel, and molybdenum, as well as lead, silver, and other metals.